US-based VelaTel Global Communications finalised its contract with ZTE related to expanding wireless networks in Montenegro and Croatia, the company announced on its website. VelaTel aims to provide networks with greater speeds and capacity than any other network in those regions. VelaTel will be deploying a wireless broadband network in Montenegro through Montenegro Connect - a greenfield operation with two base transceiver stations (BTS) installed for testing purposes. The first phase will focus on urban areas. The company said it has also closed the acquisition of Herlong Investments Limited and its operating subsidiaries, Novi-Net and Montenegro Connect. This allows VelaTel to report the financial results of the subsidiaries on its consolidated financial statements. VelaTel deploys and operates wireless broadband and telecommunication networks. |
Montenegro's government said it decided on Thursday, March 21, to reduce to EUR 220mn from EUR 250mn the amount it plans to borrow this year for financing its budget spending and servicing ... more
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Mobile phone penetration in Montenegro dropped to 155.5% at the end of February 2013, from 159.81% at end-Dec 2012 and 163.66% a year earlier, the latest figures of the telecommunications agency ... more